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Problem 1: A company has issued 200,000 new shares to shareholders in exchange for $4,000,000 cash. The shares are $1 par common shares. What is needed in the journal entry to record this issuance of shares?
A. Credit to paid in capital in excess of par for $3,800,000.B. Credit to common stock, $1 par for $4,000,000C. Debit to common stock, $1 par for $200,000D. Debit to paid in capital in excess of par for $4,000,000
Jennifer borrows 20,900 from her bank to open a flower shop. she agrees to repay in 18 months with simple annual interest of 10.4%. how much must she pay the bank in 18mos. how much of the amount in part (a) is interest
What is the company's net working capital? Working capital: Winston Electronics reported the following information at its annual meetings.
What If sum of the debits and credits in trial balance is not equal? Most likely an error was made in posting journal entries to the general ledger
Find How much net tax informer's reward shall be paid to Mr. Curandang? This led the BIR to recover P20,000,000 unpaid taxes.
Describes why a conceptual framework is necessary? To make financial statement preparation an automated process requiring no human intervention.
Heath Mining Company acquired a mine in 2016. Capitalized costs of the minerals were $6,000,000. The company mined 260,000 tons of ore in 2016 and on December 31, 2016, it is estimated that 3,000,000 tons of ore remained in the ground. Compute the am..
What is the correct date line for a statement of financial position? for the year ended December 31, 2015. / for the accounting year ended December 31, 2015
Bond holders are now 1.5% higher than they were 5 years ago, then how much of a decrease have you experienced in the price of your bond?
Jeremiah's reported net income for the year was $180,000. Find What should Jeremiah report as its comprehensive income for Year One?
If a bank were to impose a working capital covenant in a loan agreement to you, what strategy below would help you to keep net working capital above mandated minimum?
Has a qualified stock purchase taken place? How long does ABC Corporation have to make a Section 338 election? How would your response above change if the dates were January 2, April 1, and January 4 and April 15, 20x2?
Buy some shares in one of the two firms. Given the current market prices of the two firms and given your analyses, which firm is a better long-term investment?
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